Brenda, it would be interesting to know how the ACA audience responds to your story. I wonder if they think they can go and out and emulate your successes in today's market conditions.
I note Steve McKnight revealed a few days ago that he cashed up significantly last year, as via the quote below.
I wonder what your advice and activity will be for 2004 Brenda.
Steve McKnight 29.1.04
"Dave and I sold a significant chunk of our property portfolio last year - the deals that only serious investors would buy such as blocks of units. We did this because:
1. The price we got was nothing short of insane given the yields.
2. We thought the market of possible buyers would dry up quickly if rates increased and some of the hype went of the market.
In hindsight, we could probably have held on a bit longer and maybe eeked out a further $10,000 - but I was happy to be out of the market.
We are sitting atop a small pile of cash at the moment, pausing for breath to see what the market does and looking for the next opportunity. Yesterday we looked at buying a Video Ezy, we've also been looking into sale and leaseback of car washes, and we have an eye out for self storage places too (although these seem to be a bit pricy).
We still own about 130 or so properties though - mainly single family buy and hold houses and wrapped properties."
